What is the ending fund balance for Central City’s Operating Fund, given the following: $10,000 – Beginning fund balance Annual activity:

Published by admin at August 22, 2023

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What is the ending fund balance for Central City’s Operating Fund, given the following:

$10,000 – Beginning fund balance

Annual activity:

$6,000 – Increase in pledges receivable

$14,000 – Increase in accounts payable

$4,000 – Expenditure for supplies

$12,000 – Grant revenue

$3,000 – Acquisition of fireworks for July 4th celebration

$7,000 – Payment of accounts payable